 The
Innovator MSCI EAFE Power Buffer ETF - April (IAPR) is an
exchange-traded fund that seeks to provide investors with exposure to
the MSCI EAFE Index while providing downside buffer protection against
the first 15% of losses over a 1-year investment period.
The
MSCI EAFE Index is a widely recognized benchmark for developed market
stocks outside of North America, including Europe, Asia, and
Australia. The fund invests in a portfolio of securities that are
included in the MSCI EAFE Index.
IAPR aims to provide investors
with a targeted outcome investment strategy by providing buffer
protection, which means that the fund seeks to absorb the first 15% of
losses in the MSCI EAFE Index over a 1-year period. If the index
experiences a loss greater than 15%, investors will be exposed to
those losses.
As of September 2021, the net asset value of IAPR
was approximately $42 million. The expense ratio for IAPR is 0.79%,
which is slightly higher than the average expense ratio for similar
ETFs.
Investors who are interested in IAPR should consider the
potential benefits of the downside buffer protection provided by the
fund, as well as the risks associated with investing in the MSCI EAFE
Index, which include economic and political instability, currency
risk, and fluctuations in interest rates.
Overall, IAPR may be
an attractive option for investors who are seeking exposure to the
MSCI EAFE Index while limiting their downside risk. However, as with
any investment, it is important to conduct your own research and
consider your investment goals and risk tolerance before investing in
the fund.
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